TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL INSTITUTIONS
PART 160 SALES FINANCE AGENCY ACT
SECTION 160.260 OFF-SITE RECORDS


 

Section 160.260  Off-site Records

 

Upon prior written approval of the Director a licensee may retain records at a location other than the licensed facility.  A request for the Director's approval shall be in writing and include the following:

 

a)         Address of proposed off-site location.

 

b)         Contact person and telephone number at the proposed off-site location.

 

c)         Statement that all books, records and account information will be made available within 72 hours after the Department's request at either the licensed facility or the off-site location.

 

d)         A statement that, at the Director's discretion, an examination may be conducted at either the licensed facility or the off-site facility.

 

e)         A statement that the licensee shall pay for all examination expenses.

 

(Source:  Added at 22 Ill. Reg. 13699, effective July 14, 1998)